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Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
Company management A properly formed supervisory board can be the key to the business take off
A wisely selected supervisory board – one that doesn’t do its work only at meetings but lays down clear strategic goals for management and itself and meters them constantly, while serving as a mentor for executives – can contribute greatly to achieving solid business results.
7 min read | 13 Jan 2022
Grant Thornton Baltic helps Hepsor to make its stock market debut
Case study Grant Thornton Baltic helps Hepsor to make its stock market debut
Late last November, trading of shares of one of the Estonia’s biggest real estate developers, Hepsor AS, began on the Nasdaq Tallinn exchange. Grant Thornton Baltic’s team of more than 10 internal and external specialists did its part to help Hepsor get listed, auditing the IFRS based financial reporting set out in the company’s listing prospectus.
2 min read | 13 Jan 2022
Audit your auditor
Audit Audit your auditor
An increasing number of companies in Estonia cross the threshold of turnover and balance sheet volume that requires them to order an audit or financial review of their 2021 annual report. On the other hand, the number of auditing companies has decreased compared to last year. How to cope with a situation with fewer service providers, increasing numbers of customers, and increasing troublesome findings regarding the quality of service provided by audit firms?
Mart Nõmper
Mart Nõmper
| 4 min read | 01 Nov 2021
The key to profitable business: data-based decision-making
Business Intelligence The key to profitable business: data-based decision-making
Running a business in the most profitable manner possible takes smart decisions. Data – and including data in the decision-making process – are an inseparable part of this, panellists on the Äripäev radio programme “Kasvukursil” said.
4 min read | 22 Oct 2021
Audit, review or neither?
Audit calculator Audit, review or neither?
Autumn is a good time to analyse your company’s financial results for the previous financial year and determine whether you are the subject to have the annual report audited or reviewed. A convenient way to find out whether a company is subject to an audit or review requirement (the criteria are revenue, asset volume and number of employees) is the audit calculator.
2 min read | 19 Oct 2021
Turning a blind eye to data protection can end up costing millions
Data protection Turning a blind eye to data protection can end up costing millions
Having data protection affairs in order at a company ensures reliable and trustworthy relations with businesspartners and a stronger position at the negotiating table. On the other hand, problems can mean fines running into the millions of euros even long after the issues are resolved.
4 min read | 22 Sep 2021
Processing of employees’ personal data in the context of the coronavirus pandemic
Data protection Processing of employees’ personal data in the context of the coronavirus pandemic
Many employers have questions about whether and to what extent personal data can be requested from employees in the context of the coronavirus pandemic. In this article, I highlight some practical questions and concepts that employers should factor into processing of employee personal data and provide advice on how to mitigate the main risks for both employer and employee.
10 min read | 22 Sep 2021
Kai Paalberg Grant Thornton Baltic
Whistleblowing Whistleblowing and reporting misconduct
The law transposes the EU directive into Estonian law and entails an obligation for organizations to create internal and external reporting channels for reporting internal misconduct. The infringements that whistleblowers can report are very different - breaches of procurement procedures, internal fraud, breaches of environmental requirements, and so on.
Kai Paalberg
Kai Paalberg
| 4 min read | 09 Sep 2021
Inclusively leading through change
Leadership Inclusively leading through change
In the post-pandemic landscape, a new model of leadership will be needed to enable organisations to thrive. Engendering innovation, collaborating and communicating across the business, and adapting to change have become operational necessities, while empathy and inclusion are the keys to team performance.
3 min read | 04 Jul 2021
3 suggestions on how to return to normal working life
Human resource mnagement 3 suggestions on how to return to normal working life
It has been a year and a few months since the coronavirus turned a new page in world history and exploded all comfort zones. Since that time, Estonia has beaten back two waves of the virus, and like last spring, we are now facing a calmer period. But this brings up new questions – how to return little by little to ordinary working life and juggle the needs of companies and employees while taking into account the way work will be organized in future.
Marge Litvinova
Marge Litvinova
| 7 min read | 10 Jun 2021
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
Tax European tax reform brings savings to companies
Companies that sell physical goods to European countries all too often have to grapple with the destination country’s complicated VAT system, but in summer 2021, the situation will become simpler and the administrative expenses related to declaration of taxes will decrease.
Kristjan Järve
Kristjan Järve
| 4 min read | 09 Jun 2021
Key changes in tax legislation in the Nordic Baltic region in 2021
Tax Key changes in tax legislation in the Nordic Baltic region in 2021
In the beginning of the year, several tax changes were introduced in Nordic-Baltic region. In addition we shall highlight tax rates applicable in the Nordic-Baltic region as of 2021.
1 min read | 21 May 2021
New guide provides tips for conducting a public procurement to contract for audit services
Audit New guide provides tips for conducting a public procurement to contract for audit services
A new guide has been produced by the Auditors’ Association and the Ministry of Finance for public sector entities conducting procurements for audit services. The manual can also be useful for private sector companies.
1 min read | 07 May 2021
Error-strewn data in the Commercial Register
Audit Error-strewn data in the Commercial Register
Analysis of the correctness of data in the Commercial Register uncovered an astonishing fact: the Commercial Register data on auditors of companies contained many mistakes.
1 min read | 06 May 2021
Anastasia Borovaja: “Working to make sure both the team and customers are satisfied!”
Persona story Anastasia Borovaja: “Working to make sure both the team and customers are satisfied!”
Grant Thornton partner and head of outsourcing Anastasia Borovaja has been working for more than 10 years to ensure that her day-to-day work offers an unforgettable customer experience and high-quality service while the company is also seen as an attractive employer.
13 min read | 03 May 2021
Home offices have been the biggest game-changer in employment relationships
Labor law Home offices have been the biggest game-changer in employment relationships
The coronavirus crisis, which started a little more than a year ago, changed quite a few things in employment relationships. One of the most important changes has been the widespread use of working from home offices. Provided that the nature of the job had some degree of compatibility with the format, employees were allowed to work remotely by companies and organisations where this had not previously been the practice.
Kristel Tiits
Kristel Tiits
| 3 min read | 09 Apr 2021
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